Apple Hospitality REIT (APLE) Given Media Impact Rating of 0.31
Media coverage about Apple Hospitality REIT (NYSE:APLE) has trended positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Apple Hospitality REIT earned a news impact score of 0.31 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 46.0224583137766 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- Dividend Coverage: This Hotel/ Motel REIT Has a Dividend Yield of 6.35%; Will Trade Ex-Dividend on October 03, 2017 (finance.yahoo.com)
- Financial Survey: Apple Hospitality REIT (APLE) vs. Sotherly Hotels (SOHO) (americanbankingnews.com)
- Ex-Dividend Reminder: Apple Hospitality REIT, Brandywine Realty Trust and Kimco Realty (nasdaq.com)
- Stocks Under Scanner in the REIT Space — Apple Hospitality REIT, Pebblebrook … (prnewswire.com)
- Stocks Under Scanner in the REIT Space — Apple Hospitality REIT, Pebblebrook Hotel Trust, RLJ Lodging Trust, and Xenia Hotels & Resorts (bizjournals.com)
Shares of Apple Hospitality REIT (APLE) opened at 18.96 on Tuesday. Apple Hospitality REIT has a 12 month low of $17.32 and a 12 month high of $20.68. The stock has a 50 day moving average price of $18.35 and a 200-day moving average price of $18.67. The company has a market capitalization of $4.23 billion, a price-to-earnings ratio of 23.01 and a beta of 0.61.
Apple Hospitality REIT (NYSE:APLE) last issued its quarterly earnings results on Monday, August 7th. The real estate investment trust reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). Apple Hospitality REIT had a net margin of 14.97% and a return on equity of 5.05%. The firm had revenue of $331.70 million for the quarter, compared to the consensus estimate of $335.94 million. During the same quarter in the previous year, the company posted $0.52 earnings per share. The business’s revenue for the quarter was up 28.7% on a year-over-year basis. Analysts expect that Apple Hospitality REIT will post $1.03 earnings per share for the current fiscal year.
The company also recently disclosed a monthly dividend, which will be paid on Monday, October 16th. Shareholders of record on Wednesday, October 4th will be paid a $0.10 dividend. This represents a $1.20 annualized dividend and a yield of 6.33%. The ex-dividend date of this dividend is Tuesday, October 3rd. Apple Hospitality REIT’s payout ratio is currently 150.00%.
A number of equities research analysts have issued reports on the stock. Robert W. Baird reissued an “outperform” rating and issued a $21.00 price target on shares of Apple Hospitality REIT in a report on Tuesday, July 4th. BidaskClub downgraded shares of Apple Hospitality REIT from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $19.00 price objective (down from $20.00) on shares of Apple Hospitality REIT in a research note on Friday, August 11th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $20.75.
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In other Apple Hospitality REIT news, Chairman Glade M. Knight acquired 20,000 shares of the business’s stock in a transaction on Friday, August 11th. The shares were bought at an average price of $17.62 per share, with a total value of $352,400.00. Following the transaction, the chairman now directly owns 10,041,357 shares of the company’s stock, valued at approximately $176,928,710.34. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Redd Hugh acquired 2,000 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was acquired at an average cost of $17.96 per share, for a total transaction of $35,920.00. Following the transaction, the director now directly owns 59,495 shares in the company, valued at $1,068,530.20. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 45,000 shares of company stock worth $794,950. Company insiders own 6.30% of the company’s stock.
About Apple Hospitality REIT
Apple Hospitality REIT, Inc is a hospitality real estate investment trust. The Company invests in real estate, primarily in the lodging sector, in the United States. As of December 31, 2016, the Company owned 235 hotels with an aggregate of 30,073 rooms located in urban, suburban and developing markets throughout 33 states.
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